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PFRDA (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2021

June 14, 2021 3387 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2021.

Amendment in Export Policy of Injection Remdesivir & Remdesivir API

June 14, 2021 2238 Views 0 comment Print

The export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API) falling under the ITC (HS) Codes specified above or falling under any other HS Code has been put under Restricted category with immediate effect. The export of Remdesivir injections/API against the Advance Authorizations will not require a separate authorisation/ permission.

Weekly newsletter from Chairman, CBIC dated 14/06/2021

June 14, 2021 1179 Views 0 comment Print

The 44th GST Council Meeting was held on 12th June, 2021 with a single agenda point to discuss the report of the Group of Ministers for GST concessions on Covid-relief items. The Council recommended reducing GST rates on specified items being used for Covid-19 relief and management till 30th September, 2021.

BBPS – ‘mobile prepaid recharges added in Biller Category

June 14, 2021 1035 Views 0 comment Print

With consistent growth in different biller categories and to facilitate mobile prepaid customers with more options to recharge, it has been decided to permit ‘mobile prepaid recharges’ as a biller category in BBPS, on a voluntary basis. This will be implemented on or before August 31, 2021.

Latest updates in GST e-Invoice Portal

June 10, 2021 4662 Views 0 comment Print

The eicore (IRN) and eiewb (E-WAY BILL) APIs are improved with few new validations and some fixes. It may be noted that there are no change in the structure or format of the request and response payloads. These APIs will continue with version no. 1.03

ICSI allows One More Attempt under 2012 Old Syllabus

June 10, 2021 1425 Views 0 comment Print

The Institute Of Company Secretaries Of India ATTENTION STUDENTS OF EXECUTIVE AND PROFESSIONAL PROGRAMME (2012 OLD SYLLABUS) The Institute has decided that the students of Executive and Professional Programme (2012 old syllabus) shall be allowed one more attempt during the December, 2021 session of examinations. Accordingly, three Elective subjects of Professional Programme (New Syllabus) such as […]

Inclusion of foreign salary for perquisite value of rent-free accommodation- ITAT remanded matter back to AO

June 9, 2021 636 Views 0 comment Print

Kimiyoshi Muto Vs DCIT (ITAT Delhi) The case of the assessee was re-opened under Section 147 of the Act on the ground that the assessee has shown perquisite under rent-free accommodation by considering only the Indian salary whereas, according to the Assessing Officer, he was required to compute perquisite value of rent-free accommodation by including […]

SBI advisory & guidelines in respect of FCRA bank account

June 9, 2021 10809 Views 2 comments Print

SBI clarified to the entities that they need not visit Delhi and instead they can visit any branch of their choice near to them for opening of FCRA Accounts.

CBDT approves IIT, Bhilai for Research under Section 35(1)(ii) & (iii)

June 8, 2021 1185 Views 0 comment Print

CBDT approves M/s Indian Institute of Technology (IIT), Bhilai for Scientific Research and Research in Social Science and Statistical Research for the purposes of clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962 vide Notification […]

Anti-dumping investigation on imports of Resin Bonded Thin Wheels

June 7, 2021 2892 Views 0 comment Print

Case No. AD-OI-09/2021 Initiation of Anti-dumping investigation concerning imports of Resin Bonded Thin Wheels originating in or exported from China PR.

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